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19 Oct 2022

India's forex buffers sufficient, limited risks from external pressure: Fitch

India's external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices. India's foreign reserves fell by almost USD 101 billion in January-September 2022, but are still large at around USD 533 billion. This fiscal imports have surged on strong domestic demand growth and high oil and coal prices.

21 Jun 2019

Fitch Affirms Bharti Airtel at 'BBB-' with stable outlook

For stable outlook, it said that it expects recovery in Bharti Airtel's Indian mobile segment and continued growth in Africa and the enterprise segment.

31 May 2019

Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook

The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).

28 Nov 2018

Fitch affirms PNB's Issuer Default Rating

Fitch said it expects credit costs to remain elevated, with ageing provisions adding to the burden.

26 May 2016

Reforms to push India's growth to 8% by FY'19: Fitch

In its latest Global Economic outlook, Fitch Ratings said it expects India's real GDP growth to rise to 8 percent by 2018-19, from 7.9 percent in 2017-18 and 7.7 percent in 2016-17.

14 Dec 2015

Fitch retains India's rating, says growth will continue

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India's rating.

08 Dec 2015

Real possibility of govt delaying fiscal deficit targets: Fitch

Managing fiscal arithmetic after implementing seventh pay panel recommendations will be a challenge and there is a "real possibility" of Finance Minister Arun Jaitley delaying the fiscal consolidation plan again, Fitch said Tuesday.

01 Dec 2015

Realty sector unlikely to see FDI inflows in near term: Fitch

"The easing of investment norms under FDI policy for the real estate sector is more of a long term story, and is unlikely to result in any immediate increase in FDI in the near term," the ratings agency said in a statement.

30 Nov 2015

New restructuring package for state discoms a positive: Fitch

Terming the new restructuring package offered to state discoms as a positive, Fitch today said states opting for the package and delivering on loss reductions over the medium-term is essential for the success of the programme.

23 Oct 2015

Fitch affirms JLR ratings at 'BB-' with positive outlook

Fitch has reaffirmed the long-term foreign currency issuer default rating and senior unsecured ratings of Tata Motors-owned Jaguar Land Rover at 'BB-' with positive outlook.

spectrum trading

10 Sep 2015

Spectrum trading may curb excessive bidding in auction: Fitch

Ability of telecom operators to trade spectrum may curtail excessive bidding in future auctions, credit rating agency Fitch said Thursday.

12 Apr 2015

'Rating upgrade for India in next 12-18 months'

India is currently at the last rung of investment grade, just a notch above the 'junk' status, by all three leading global credit rating agencies - Moody's, S&P and Fitch.

09 Apr 2015

Fitch retains India's credit outlook at 'stable'

Global rating agency Fitch Thursday retained India's credit outlook at 'stable' saying although "dynamism" is back in the economy translation of reforms into higher growth would depend upon actual implementation.

29 Jan 2015

Fitch Affirms Tata Motors at 'BB' with stable outlook

Rating agency Fitch today affirmed Tata Motors' long-term foreign currency issuer default rating at a speculative grade 'BB' with a stable outlook.

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